Top Posters
Since Sunday
6
l
6
5
n
5
N
5
m
5
j
4
s
4
4
c
4
r
4
m
4
New Topic  
Migo7s Migo7s
wrote...
Posts: 327
A week ago

Ronald Coase was awarded the 1991 Nobel Prize in Economics primarily for addressing problems related to externalities. Which of the following describes Coase's work?



Coase proved that a competitive market achieved a greater degree of economic efficiency than a non-competitive market when externalities occur.



Coase proved that economic efficiency cannot be achieved in a market that is affected by positive or negative externalities.



Coase argued that under some circumstances private solutions to the problems of externalities will occur.



Coase argued that government intervention is necessary to achieve economic efficiency in markets that are affected by externalities.

Textbook 

InMicro


Edition: 1st
Authors:
Read 44 times
2 Replies
Replies
Answer verified by a subject expert
jackjohnson74jackjohnson74
wrote...
Posts: 323
A week ago
Sign in or Sign up in seconds to unlock everything.

Coase argued that under some circumstances private solutions to the problems of externalities will occur.

1

Related Topics

wrote...
A week ago
Thanks for your help!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
  154 People Browsing
 175 Signed Up Today
Your Opinion
Where do you get your textbooks?
Votes: 110

Related Images
 883
 121
 98